Oil news

Chinese Solar Firms Trim Losses as Beijing Tackles Overcapacity

Oil news - Thu, 12/18/2025 - 17:00
China’s efforts to reduce overcapacity in the solar manufacturing sector looks to have yielded the first results as domestic firms narrowed their losses in the third quarter.   The solar manufacturing industry in China slashed total losses by 46.7% in the third quarter from a quarter earlier, according to the China Photovoltaic Industry Association.  The industry still booked a total loss of $912 million (6.422 billion Chinese yuan), per a presentation by the Wang Bohua, honorary chairman of the association, as carried by Reuters.   …
Categories: Oil news

Trump’s Trade Policies Drive Decline in Asian Imports of U.S. Energy

Oil news - Thu, 12/18/2025 - 16:00
Falling U.S. energy sales in China and India failed to offset increases elsewhere in Asia as the Trump Administration’s trade policies have upended Asia’s energy imports.   While Japan and South Korea have increased their imports of American crude oil, China has slashed U.S. crude and LNG imports, after halting purchases of LNG in February in response to the trade frictions with the United States, according to data from Kpler cited by Reuters columnist Clyde Russell.  India has also reduced LNG imports from America this…
Categories: Oil news

Trump’s Trade Policies Drive Decline in Asian Imports of U.S. Energy

Oil news - Thu, 12/18/2025 - 16:00
Falling U.S. energy sales in China and India failed to offset increases elsewhere in Asia as the Trump Administration’s trade policies have upended Asia’s energy imports.   While Japan and South Korea have increased their imports of American crude oil, China has slashed U.S. crude and LNG imports, after halting purchases of LNG in February in response to the trade frictions with the United States, according to data from Kpler cited by Reuters columnist Clyde Russell.  India has also reduced LNG imports from America this…
Categories: Oil news

Trump’s Truth Social Merges With Nuclear Fusion Company in $6 Billion Deal

Oil news - Thu, 12/18/2025 - 15:41
Trump Media & Technology Group (TMTG), the operator of Truth Social, announced Thursday it has reached a definitive agreement to merge with TAE Technologies in an all-stock deal valued at roughly $6 billion. The move effectively turns a social media company into a deep-tech player, targeting the massive power requirements of the artificial intelligence boom. The deal, which is set to close in mid-2026, would create one of the first publicly traded fusion energy firms. TMTG is putting up $200 million in cash at signing and another $100 million…
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